Spend Matters

DECEMBER 12, 2022

Thoma Bravo emerged from a competitive bidding process to announce its forthcoming acquisition of Coupa," said Jason Busch, Spend Matters founder and CEO. "This is an all-cash transaction with an enterprise value of $8.0 Upon completion of the transaction, Coupa will become a privately held company," explains the press release.

Competitive bidding 87

Competitive bidding Spend management Bidding Buyers 87

Supply Chain Collaborator

AUGUST 17, 2018

The secret to superior cost control when entering the spot market is: provide a competitive bid environment for carriers to bids on loads transmitted electronically through your TMS. Does your TMS solution provide a competitive bid spot bid management tool? appeared first on UltraShipTMS.

Budget 100

Budget Competitive bidding Bidding Logistics 100

ivalua

JULY 21, 2021

“Partnering with Consus Global and our successful deployment of Ivalua will accelerate our progress in supply chain optimization at REV Group by applying a powerful toolset of data, supplier management, and competitive bidding capabilities to our team,” says Rob Vislosky, Chief Supply Officer of REV Group. “We

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Competitive bidding 130

Supply Chain Collaborator

SEPTEMBER 14, 2018

TMS Solution: Competitive Bidding Environment for Spot Market Quoting in TMS. A strong TMS solution provides spot quote automation delivering tenders to an easily expanded group of carriers and capturing competitive bids on exigent shipments. Yet, that doesn’t mean shippers must pay more than they absolutely have to.

Competitive bidding 79

Competitive bidding Logistics Bidding Risk management 79

Procurement Templates

JANUARY 17, 2024

Tendering Procedures: USA: Competitive bidding is a common practice, and there are various types of procurement methods, including Request for Proposals (RFPs), Request for Quotations (RFQs), and Invitation for Bids (IFBs).

Procurement 130

Procurement supply chain budgeting Export Competitive bidding 130

Supply Chain Collaborator

OCTOBER 30, 2018

UltraShipTMS Technology Unleashes the Power of Competitive Bidding to Drive Freight Spend Down and Increases Access to Scarce Truckload Capacity. Once tenders are submitted, a shipper enjoys real-time visibility into all the bids proffered by participating respondents. savings on expedited freight costs.

Competitive bidding 60

Competitive bidding Bidding Real-time Visibility Data 60

Arkestro

FEBRUARY 6, 2024

Increasing Competitive Bids On the ground in China, in a new warehouse bigger than three football fields, Arkestro is being applied by the organization to succeed in two key outcomes: controlling costs to save money and creating more competitive bids. The results were immediate.

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

The Good Spending

OCTOBER 17, 2021

Competitive bidding may become bad procurement practice The use of competitive bidding remains an established practice. This happens despite the well-known Kraljic matrix recommendation to exercise competitive bidding selectively, e.g., for leverage items.

Competitive bidding 52

Competitive bidding Bidding Procurement Quantity 52

The Procuretech Podcast

MARCH 19, 2024

Rujul emphasises the importance of early engagement in procurement to streamline request management, competitive bidding, and spending control. The platform is designed to be the first point of contact in procurement, requiring minimal training due to its simplicity and user-centric design.

Procurement 40

Procurement Competitive bidding Bidding Budget 40

Supply Chain Collaborator

JANUARY 11, 2019

Now here’s the logistics life hack! Instead of using your UltraShipTMS spot quote tool as you normally would (to drive competitive bidding amongst carriers for expedited loads), leverage the tool as an analytics device and gain insight into where your contract rate should be in real time. You’re just not seeing it yet!

Logistics 79

Logistics Competitive bidding Bidding Contract 79

ivalua

JUNE 11, 2019

At some point, there was a need for this, a solicitation process to select a supplier, a competitive bidding process, a contract negotiation, transactions and so on. Being responsible for Procurement at the city, county or state level is a big deal and it directly impacts citizens.

Procurement 169

Procurement Real-time Visibility e2e Competitive bidding 169

Procurement Tactics

JANUARY 13, 2023

Additionally, procurement can be done through direct purchase, competitive bidding, or tendering process while ensuring that the delivery of supplies is on time. For many professionals, procurement means the process of identifying, shortlisting, selecting, and buying the necessary goods or services from a supplier. .

Procurement 171

Procurement Chief Procurement Officer Strategic sourcing Strategic sourcing 171

The Good Spending

JUNE 22, 2022

Once again, this post isn't made to disapprove the competitive bidding and BAFO rounds. Knowing how some tenders and then yet another "best-and-final" negotiation can take many months, we should ask ourselves if those are truly worth the loss of heavy chunks of revenue?

Procurement 52

Procurement Competitive bidding Bidding Negotiation 52

Una

NOVEMBER 29, 2023

This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids. Strategic sourcing Invest in strategic sourcing by thoroughly analyzing your organization’s procurement needs and identifying opportunities for cost savings, quality improvements, and risk mitigation.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Arkestro

SEPTEMBER 29, 2023

Organizations can use Predictive Procurement Orchestration to address tasks that are often completed after an order is placed, including approvals and competitive bids. Expanding Capabilities As automation capabilities increase, we’re able to enhance processes surrounding procurement, including sourcing and intake.

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Supply Chain Game Changer

FEBRUARY 23, 2022

You achieve the process via tendering and competitive bidding. Featuring Our 12 Best Procurement Articles! Procurement is a process that involves obtaining and accepting terms and getting goods or services from an outside source. In other words, procurement is deciding to buy under conditions of less availability.

Procurement 90

Procurement Competitive bidding Purchasing Procurement team 90

Zycus Cognitive Procurement

JULY 6, 2022

They don’t want to use well-defined competitive bidding or auction processes. When savings are not realized or are allocated in a way that the stakeholders disagree with, it can damage relationships and make it harder to get buy-in on future initiatives. . Enabling beyond the tools.

Category management 52

Category management Competitive bidding Raw materials Eprocurement 52

Bonfire

MARCH 24, 2022

Bonfire eProcurement supports that strategic role for hundreds of public sector agencies that rely on us to manage their competitive bid processes. Looking to the next 10 years and beyond, we’ll continue to provide a platform to elevate procurement’s importance and enable strategic decision-making.

Eprocurement 52

Eprocurement Competitive bidding Procurement team Procurement 52

Procurement Software

MARCH 11, 2022

Implement a competitive bidding policy. Having a threshold for competitive bidding facilitates two possible benefits. Implementing user-friendly purchase order processing software such as Procurify will get you halfway there. One time purchases (such as project spend) can take up a lot of procurement time.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Implement a competitive bidding policy. Having a threshold for competitive bidding facilitates two possible benefits. Implementing user-friendly purchase order processing software such as Procurify will get you halfway there. One time purchases (such as project spend) can take up a lot of procurement time.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Market Dojo

DECEMBER 13, 2017

Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source, often via a tendering or competitive bidding process. We’ll follow up with more of Rémy’s insight in due course, but here is an introduction to his Procurement Matrix. ” – Wikipedia.

Procurement 40

Procurement Competitive bidding Buyers Innovation 40

Una

NOVEMBER 14, 2022

Then, in the 1960s, the practice of competitive bidding became commonplace giving rise to trained procurement professionals. By the 1980s, supplier competition allowed procurement organizations to focus on supplier quality and dependability.

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Supply Chain Game Changer

APRIL 28, 2020

In the case of single sourcing a competitive bidding process is usually conducted before a business aware. What are the Pros and Cons of Single Sourcing or Sole Sourcing? There are both advantages and disadvantages of these sourcing models, of having all your eggs in one basket as it were.

Sourcing 82

Sourcing Bidding Supply chain Suppliers 82

Jaggaer

OCTOBER 6, 2020

More competitive bidding. The information is stored electronically and is easily accessible, which supports the Office of Central Procurement’s objective to continue to deliver excellent value to the universities and colleges of the A&M system.”. Benefits to Date. 900 sourcing events. Multiple filing cabinets eliminated.

Sourcing 52

Sourcing Bidding Chief Procurement Officer Competitive bidding 52

Claritum

OCTOBER 30, 2017

They can prove that they have re-engineered a specification to reduce cost, or that competitive bidding has resulted in savings or cycle times have been reduced. Through automation, each step can be measured and reported, so buyers can evidence the value they bring to their organisation.

Buying process 32

Buying process Bidding Buyers Competitive bidding 32

Supply Chain Game Changer

NOVEMBER 24, 2018

It can involve a simple contract renegotiation, a renewal to achieve more favourable terms and pricing, a competitive bid to several possible suppliers to achieve the best overall solution considering quality and cost or even a full end to end project including project management for implementation of a solution.

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Procurement Software

MARCH 11, 2022

Competitive bidding for €10k worth of one-time spend. Ask yourself why it is that startups are so lean and agile… Then there are those processes that just create work for work‘s sake: Travel approval requests: Just give each manager a budget. What’s the cost of the procurement team member‘s time invested versus the end result?

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Procurement Software

APRIL 18, 2023

If you have many suppliers very close together on initial price, you can show them where they rank and what the lead bid is. This encourages competitive bidding. This way, buyers can see in real-time where suppliers are ranking, and suppliers can see their ranking.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Procurement Software

MARCH 11, 2022

Competitive bidding for €10k worth of one-time spend. Ask yourself why it is that startups are so lean and agile… Then there are those processes that just create work for work‘s sake: Travel approval requests: Just give each manager a budget. What’s the cost of the procurement team member‘s time invested versus the end result?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability.

Management 52

Management Procurement Real-time Visibility Ethics 52

Procurement Tactics

MARCH 26, 2023

Open tendering, also known as competitive bidding, is a process aimed to purchase goods or services at the lowest possible price. It is a common type of tender that stimulates competition and minimizes discrimination. Additionally, you will have the knowledge of when to use open or closed tenders in your project.

Bidding 197

Bidding Suppliers Competitive bidding Price 197

Una

OCTOBER 9, 2023

This involves, for example, running competitive bids, e-procurement, issuing purchase orders, and overseeing invoicing and payments. Traditional Procurement Historically, procurement teams have focused on the tactical aspect of sourcing.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

SEPTEMBER 21, 2023

Competitive bidding Encouraging suppliers to compete for your business through competitive bidding processes can result in more competitive pricing and better terms. Buying in bulk or consolidating purchases across departments can often lead to volume discounts, reducing the cost per unit.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. But before we venture into the depths of innovation in this field, let’s first establish what procurement really is.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Procurement Tactics

JULY 21, 2022

Leverages competitive bidding. A procurement portal offers a variety of ways for stress-free bidding management. You can also modify the coverage of their profile such as: Production Technology. Shelf/service life of their product. Average lead time. Compliance with quality standards. Incoterms or delivery terms.

Procurement 147

Procurement Procurement solutions Competitive bidding Bidding 147

Barkers Procurement

JANUARY 23, 2024

Following selection of the vendor, Barkers created the first draft contract and ran the negotiation process to agree all commercial terms and technical deliverables with the vendor.

Bidding 52

Bidding Procurement Competitive bidding Negotiation 52

Claritum

AUGUST 4, 2020

strategic suppliers, approved suppliers and competitive bids for. The Procurement team need only to be able to monitor and report as. needed on the flow of purchasing transactions. Ensuring that policies. are adhered to and that there is appropriate supplier selection.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41